Doubts on Momentify Platform
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Hello, can any Active Definedge Momentify user please clarify the following doubts I have on the Momentify Platform (since Definedge people are not very active here)
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If during rebalance some stock hits the upper circuit, how will the system work, as buying the stock would not be possible? Will it skip the stock and move to the next ranked stock, or will it keep that position empty and keep trying every day to buy until the next rebalance date?
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If I have a stock that meets the exit criteria and the stock is already in the down circuit, what will happen then? Will it keep trying to exit the stock every day to until the next rebalance date?
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If the exit condition is a 30% stop loss, will it only check on the rebalancing date or will check every day that the 30% SL is hit? And if exit and that place is filled on on next rebalance right ?
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During top-up of an existing basket, will the funds be allocated immediately equally or will they wait for the next rebalance?
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If after rebalance I'm in all cash as per the market trend filter, will that amount be transferred back to my bank as per the SEBI rule every quarter, and if so happens during the next rebalance, won't I be having any funds and again send funds to the momentify? I mean, how does all this work? Please answer
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